MTBA vs. IRONX
Compare and contrast key facts about Simplify MBS ETF (MTBA) and Ironclad Managed Risk Fund (IRONX).
MTBA is an actively managed fund by Simplify. It was launched on Nov 6, 2023. IRONX is managed by Blackrock. It was launched on Oct 14, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MTBA or IRONX.
Key characteristics
| MTBA | IRONX | |
|---|---|---|
| YTD Return | 1.79% | 16.84% |
| 1Y Return | 5.84% | 15.86% |
| Sharpe Ratio | 1.27 | 1.65 |
| Sortino Ratio | 1.84 | 2.09 |
| Omega Ratio | 1.23 | 1.35 |
| Calmar Ratio | 2.05 | 1.32 |
| Martin Ratio | 5.37 | 8.54 |
| Ulcer Index | 1.09% | 1.84% |
| Daily Std Dev | 4.61% | 9.53% |
| Max Drawdown | -2.84% | -20.55% |
| Current Drawdown | -2.61% | -0.24% |
Correlation
The correlation between MTBA and IRONX is 0.19, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
MTBA vs. IRONX - Performance Comparison
In the year-to-date period, MTBA achieves a 1.79% return, which is significantly lower than IRONX's 16.84% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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MTBA vs. IRONX - Expense Ratio Comparison
MTBA has a 0.15% expense ratio, which is lower than IRONX's 1.25% expense ratio.
Risk-Adjusted Performance
MTBA vs. IRONX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify MBS ETF (MTBA) and Ironclad Managed Risk Fund (IRONX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
MTBA vs. IRONX - Dividend Comparison
MTBA's dividend yield for the trailing twelve months is around 5.48%, while IRONX has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
MTBA Simplify MBS ETF | 5.48% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% |
IRONX Ironclad Managed Risk Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.00% |
Drawdowns
MTBA vs. IRONX - Drawdown Comparison
The maximum MTBA drawdown since its inception was -2.84%, smaller than the maximum IRONX drawdown of -20.55%. Use the drawdown chart below to compare losses from any high point for MTBA and IRONX. For additional features, visit the drawdowns tool.
Volatility
MTBA vs. IRONX - Volatility Comparison
The current volatility for Simplify MBS ETF (MTBA) is 1.28%, while Ironclad Managed Risk Fund (IRONX) has a volatility of 3.12%. This indicates that MTBA experiences smaller price fluctuations and is considered to be less risky than IRONX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.